New YorkProvides an alternative hardship allowance based on 8 1/2% of assessed value
What it does
Provides for an alternative hardship allowance for landlords in New York city rent controlled apartments which allows a hardship rent increase where a building's annual net income is less than 8.5 percent of the equalized assessed value.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jan 7REFERRED TO HOUSINGLatest
- 2025
- Apr 1REFERRED TO HOUSINGIntroduced